Written by ForexBrokers.com
In this head to head comparison of eToro vs Spreadex, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
eToro and Spreadex are two online brokers evaluated based on their trust and regulatory standings. Established in 2007, eToro holds a strong trust score of 93 out of 99 according to ForexBrokers.com, highlighting it as a highly trusted platform. It is important to note that eToro is not a bank, and it is also not publicly traded. Regarding regulatory oversight, eToro is backed by an impressive three Tier-1 licenses and one Tier-2 license, emphasizing a secure foundation for its users.
On the other hand, Spreadex, founded in 1999, holds a trust score of 71, placing it within the average risk category. Like eToro, Spreadex is not listed on a stock exchange and does not operate as a bank. In terms of regulatory standings, Spreadex holds one Tier-1 license but lacks any Tier-2 licenses. This comparison underscores the notable differences in trust scores and regulatory backing between the two brokers, offering clarity for individuals deciding between these two financial service providers.
| Feature |
eToro
|
Spreadex
|
|---|---|---|
| Year Founded | 2007 | 1999 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing eToro and Spreadex for commissions and fees, eToro stands out with a typical variable spread of 1 pip on the EUR/USD. This is slightly higher than the industry average, suggesting that retail traders are more attracted to eToro for its social copy trading platform rather than competitive spreads. In contrast, Spreadex offers average spreads of 0.81 pips for EUR/USD, with a minimum spread of 0.6 pips occurring 60% of the time. This positions Spreadex as the broker with generally lower spreads between the two.
eToro enhances its appeal through its VIP program, eToro Club, which features five tiers ranging from Silver to Diamond. These tiers offer traders who maintain balances between $5,000 and $250,000 various benefits, such as access to Trading Central, discounted withdrawal and deposit fees, and a dedicated account manager. Such VIP perks may outweigh the slightly higher spread costs for those seeking added services and benefits.
In terms of ratings, eToro is rated 4.5 out of 5 stars for commissions and fees, while Spreadex is rated 4 stars. According to ForexBrokers.com, eToro ranks #22 out of 62 brokers in the Commissions and Fees category, whereas Spreadex holds the #27 position. Despite the slightly higher fees, eToro's broader service offerings and higher ranking and rating may cater to traders looking beyond just low-cost spreads.
| Feature |
eToro
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $50-$10,000 | $0 |
| Average Spread EUR/USD - Standard | 1 | 0.81 |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing eToro and Spreadex, both offer forex trading through CFDs or spot contracts. Spreadex impresses with a wider selection of tradeable symbols, boasting 10,000 compared to eToro's 5,461. However, eToro edges ahead in forex pairs, offering 55 to Spreadex's 52. A standout feature of eToro is its ability to provide users with the opportunity to purchase exchange-traded securities on U.S. and international markets, a service not offered by Spreadex.
In addition to traditional investments, eToro excels in innovative features, such as copy trading and the ability to purchase actual cryptocurrencies, in contrast to Spreadex, which limits its cryptocurrency offerings to derivatives. Both platforms earn a five-star rating for their investment range, though eToro is slightly ahead in broker rankings with a #10 spot compared to Spreadex's #13. These features might make eToro a more versatile option for those seeking a diverse portfolio and cutting-edge tools.
| Feature |
eToro
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5461 | 10000 |
| Forex Pairs (Total) | 55 | 52 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | No |
| Cryptocurrency (Physical) | Yes | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When it comes to choosing between eToro and Spreadex for trading platforms and tools, both brokers offer unique features designed to enhance trading experiences. eToro and Spreadex both provide users with free virtual demo accounts, allowing new traders to practice without financial risk. Each broker also boasts a proprietary trading platform accessible through a web browser, although neither supports Windows-based desktop downloads, MetaTrader 4, MetaTrader 5, DupliTrade, nor ZuluTrade. One noteworthy difference is eToro's offering of copy trading functionality, an option Spreadex does not provide, which can influence those interested in mimicking the trades of experienced investors.
For traders focusing on charting and analysis, eToro provides a more extensive toolbox with 161 drawing tools compared to Spreadex's 11. However, Spreadex offers the ability to execute trades directly from stock charts, a feature absent in eToro's platform. In terms of organizational options, Spreadex allows for more personalized tracking with eight fields for watch lists, while eToro offers six. Overall, eToro slightly edges out Spreadex with a 4.5-star rating for Trading Platforms and Tools against Spreadex's 4 stars, securing the #8 spot in rankings by ForexBrokers.com compared to Spreadex's position at #46. Each platform has its strengths, making your individual trading needs the key deciding factor.
| Feature |
eToro
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | No | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 104 | 58 |
| Charting - Drawing Tools (Total) | 161 | 11 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 6 | 8 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading, both eToro and Spreadex have solid offerings for iPhone and Android users. Both platforms provide essential features like stock and forex price alerts, as well as the ability to create watchlists with real-time quotes. However, eToro edges ahead with its capability to sync watchlists between the mobile app and the online account, a feature Spreadex currently lacks. Moreover, eToro provides an impressive 104 technical studies for charting, giving traders a wealth of analytical tools at their fingertips, while Spreadex does not specify an offering for technical studies.
Chart customization and analysis vary between the two apps. eToro allows users to view multiple time frames on stock and forex charts, but it doesn’t support trendline drawing—a feature Spreadex includes. Neither platform auto-saves chart drawings, indicating room for improvement. In terms of overall satisfaction, eToro has a higher mobile app rating of 4.5 stars, ranking #10 among 62 brokers, compared to Spreadex's 4-star rating and #46 ranking. Ultimately, eToro provides a slicker experience for those seeking comprehensive mobile trading capabilities.
| Feature |
eToro
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 104 | N/A |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of the online brokers eToro and Spreadex, both provide daily market commentary and sentiment-based trading tools, which can help users make informed investment decisions. However, eToro sets itself apart by integrating market research from TipRanks and offering tools from Trading Central. These features contribute to eToro’s higher research rating of 4.5 stars compared to Spreadex's 4 stars.
Spreadex, on the other hand, taps into top-tier forex news sources such as Bloomberg, Reuters, and Dow Jones, providing a unique advantage for users interested in timely, well-regarded news updates. Additionally, Spreadex offers investors technical analysis tools from Autochartist, which are not available on eToro. Despite these strengths, Spreadex ranks #31 for research on ForexBrokers.com, while eToro holds the #13 spot, indicating a broader range of research tools and resources for eToro users. Both brokers also feature an economic calendar, ensuring traders stay updated with global news events.
| Feature |
eToro
|
Spreadex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, eToro and Spreadex both offer essentials to help new traders get started. Both platforms provide a collection of more than ten educational pieces focused on forex and CFDs, and they both include at least ten beginner videos that clearly explain trading topics for newcomers. eToro takes a step further by hosting monthly online webinars which Spreadex does not offer. Additionally, eToro provides a searchable archive of previously recorded client webinars, presenting a valuable resource for those who want to learn at their own pace, a feature that Spreadex lacks.
For traders seeking in-depth learning, eToro holds an advantage by offering more than ten advanced educational videos tailored for experienced users, a service not matched by Spreadex. Both brokers offer an investor dictionary with over fifty investment terms, which is a handy tool for clarifying terminology. According to ForexBrokers.com, eToro ranks impressively at #5 out of 62 brokers in the Education category and is rated 4.5 stars, while Spreadex is positioned at #45 with a 4-star rating. This comparison highlights eToro as a preferred choice for those focused on educational offerings and continuous learning opportunities in the trading journey.
| Feature |
eToro
|
Spreadex
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that eToro is better than Spreadex. eToro finished with an overall rank of #9, while Spreadex finished with an overall rank of #39.
eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies.
| Feature |
eToro
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Spreadex
|
|---|---|---|
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| Trust Score | 93 | 71 |
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eToro allows users to buy actual delivered cryptocurrency and offers cryptocurrency derivatives, while Spreadex only provides the option to trade in cryptocurrency derivatives, not actual cryptocurrencies.
When comparing online brokers, eToro stands out by offering multiple flexible payment options including ACH, SEPA transfers, PayPal, Skrill, and major credit cards (Visa or Mastercard), alongside bank wire transfers, whereas Spreadex supports only credit card payments and bank wire transfers, lacking the diverse range offered by eToro.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | eToro | Spreadex | |
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| Trust Score | 93 | 71 | |
| Winner | check_circle | ||
| Review | eToro Review | Spreadex Review |
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| Regulation | eToro | Spreadex | |
|---|---|---|---|
| Trust Score | 93 | 71 | |
| Year Founded | 2007 | 1999 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 3 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | eToro | Spreadex | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | eToro | Spreadex | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | eToro | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5461 | 10000 | |
| Forex Pairs (Total) | 55 | 52 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | No | |
| Cryptocurrency (Physical) | Yes | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | eToro | Spreadex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1 | 0.81 | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | eToro | Spreadex | |
|---|---|---|---|
| Minimum Deposit | $50-$10,000 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | eToro | Spreadex | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | eToro | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 8 | |
| Charting - Indicators / Studies (Total) | 104 | 58 | |
| Charting - Drawing Tools (Total) | 161 | 11 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | eToro | Spreadex | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 104 | N/A | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | No | Yes |
| Research | eToro | Spreadex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | eToro | Spreadex | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | eToro | Spreadex | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | eToro Review | Spreadex Review |
| Overall | eToro | Spreadex | |
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| Trust Score | 93 | 71 | |
| Winner | check_circle | ||
| Review | eToro Review | Spreadex Review |
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